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Investors in Krispy Kreme, Inc. Should Contact The Gross Law Firm Before July 15, 2025 to Discuss Your Rights – DNUT
GlobeNewswire News Room· 2025-07-02 20:03
Core Viewpoint - The article discusses a class action lawsuit against Krispy Kreme, Inc. (NASDAQ: DNUT) due to allegations of misleading statements regarding the demand for its products at McDonald's locations, which negatively impacted the company's stock performance [1][3]. Summary by Sections Allegations - The complaint alleges that Krispy Kreme's management provided overly positive statements while concealing material adverse facts about declining demand at McDonald's locations, which contributed to a decrease in average weekly sales per store [3]. - The partnership with McDonald's was reportedly unprofitable, leading Krispy Kreme to pause its expansion into new locations [3]. Financial Performance - On February 25, 2025, Krispy Kreme reported disappointing fourth quarter 2024 results, with net revenue of $404 million, a decline of 10.4%, and a decrease in average sales per door per week due to a changing customer mix [3]. - Following this announcement, the stock price fell from $9.13 per share on February 24, 2025, to $7.13 per share on February 25, 2025 [3]. - On May 8, 2025, the company reported first quarter 2025 net revenue of $375.2 million, a decline of 15.3% or $67.5 million, and announced a reassessment of its deployment schedule with McDonald's [3]. - The stock price dropped from $4.33 per share on May 7, 2025, to $3.26 per share on May 8, 2025, marking a decline of about 25% in one day [3]. Next Steps for Shareholders - Shareholders who purchased DNUT shares during the specified class period are encouraged to register for the class action by July 15, 2025, to potentially become lead plaintiffs [4]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [4].
The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of July 21, 2025 in DoubleVerify Holdings, Inc. Lawsuit – DV
GlobeNewswire News Room· 2025-07-02 20:00
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of DoubleVerify Holdings, Inc. regarding a class action lawsuit due to alleged misleading statements and failure to disclose critical information during the class period from November 10, 2023, to February 27, 2025 [1][3]. Allegations - The complaint alleges that DoubleVerify's customers shifted ad spending from open exchanges to closed platforms, where the company's technological capabilities were limited, impacting its competitive position against platforms like Meta and Amazon [3]. - It is claimed that DoubleVerify's ability to monetize its Activation Services was constrained due to the high costs and time required for technology development for closed platforms, which were not adequately disclosed to investors [3]. - The lawsuit states that monetization of DoubleVerify's Activation Services on certain closed platforms would take several years, contrary to what was communicated to shareholders [3]. - Competitors were reportedly better positioned to integrate AI into their offerings on closed platforms, negatively affecting DoubleVerify's competitiveness and profitability [3]. - The company allegedly overbilled customers for ad impressions served to bots, which were known to operate from data center server farms [3]. - The risk disclosures provided by DoubleVerify were claimed to be materially false and misleading, as they downplayed already materialized adverse facts [3]. - As a result of these issues, the positive statements made by the defendants regarding the company's business and prospects were deemed materially false or misleading [3]. Next Steps for Shareholders - Shareholders who purchased shares of DoubleVerify during the specified class period are encouraged to register for the class action by July 21, 2025, to participate in potential recovery [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [4].
Investors who lost money on West Pharmaceutical Services, Inc. (WST) should contact The Gross Law Firm about pending Class Action - WST
GlobeNewswire News Room· 2025-07-02 19:59
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of West Pharmaceutical Services, Inc. regarding a class action lawsuit due to alleged misleading statements and operational inefficiencies that negatively impacted the company's financial performance during the specified class period [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from February 16, 2023, to February 12, 2025 [3]. - Allegations include: - West Pharmaceutical Services claimed strong visibility into customer demand while actually facing significant destocking in its high-margin HVP portfolio [3]. - The SmartDose device, marketed as a high-margin growth product, was found to be dilutive to profit margins due to operational inefficiencies [3]. - Margin pressures raised the risk of costly restructuring activities, including exiting continuous glucose monitoring contracts with long-term customers [3]. - Positive statements made by the defendants regarding the company's business and prospects were materially false or misleading [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by July 7, 2025, to participate in potential recovery [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [4]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices [5]. - The firm seeks recovery for investors who suffered losses due to misleading statements or omissions that inflated the company's stock price [5].
Class Action Filed Against PepGen Inc. (PEPG) Seeking Recovery for Investors - Contact The Gross Law Firm
Prnewswire· 2025-06-30 13:00
NEW YORK, June 30, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of PepGen Inc. (NASDAQ: PEPG).Shareholders who purchased shares of PEPG during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/pepgen-inc-loss-submission-form/?id=154641&from=4 CLASS PERIOD: March 7, 2024 to March 3, 202 ...
Digimarc Corporation Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm Before July 7, 2025 to Discuss Your Rights - DMRC
Prnewswire· 2025-06-30 13:00
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Digimarc Corporation regarding a class action lawsuit due to alleged misleading statements and omissions by the company during a specified class period [1][2]. Group 1: Allegations - The complaint alleges that Digimarc failed to disclose that a significant commercial partner would not renew a large contract on the same terms [1]. - As a result of the non-renewal, Digimarc would need to renegotiate the large commercial contract, adversely affecting the company's subscription revenue and annual recurring revenue [1]. - The defendants' positive statements about the company's business and prospects were claimed to be materially misleading or lacked a reasonable basis due to these issues [1]. Group 2: Class Action Details - The class period for the lawsuit is from May 3, 2024, to February 26, 2025 [1]. - Shareholders are encouraged to register for the class action by July 7, 2025, to potentially be appointed as lead plaintiffs [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3].
Shareholders that lost money on Fortrea Holdings Inc.(FTRE) should contact The Gross Law Firm about pending Class Action - FTRE
Prnewswire· 2025-06-30 13:00
NEW YORK, June 30, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Fortrea Holdings Inc. (NASDAQ: FTRE).Shareholders who purchased shares of FTRE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/fortrea-holdings-inc-loss-submission-form/?id=154639&from=4 CLASS PERIOD: July 3, 2 ...
The Gross Law Firm Notifies Shareholders of 3D Systems Corporation(DDD) of a Class Action Lawsuit and an Upcoming Deadline
GlobeNewswire News Room· 2025-06-26 20:39
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of 3D Systems Corporation regarding a class action lawsuit due to alleged misleading statements and omissions made by the company during a specified class period [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from August 13, 2024, to May 12, 2025 [3]. - Allegations include that 3D Systems understated the impact of weakened customer spending and overstated its resilience in challenging industry conditions [3]. - Additionally, the updated milestone criteria in the partnership with United Therapeutics Corporation are claimed to negatively impact the company's regenerative medicine program revenue [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by the deadline of August 12, 2025, to potentially become lead plaintiffs [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case [4]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and seeks recovery for those who suffered losses due to deceitful practices by companies [5]. - The firm emphasizes the importance of responsible business practices and good corporate citizenship [5].
Contact The Gross Law Firm by July 15, 2025 Deadline to Join Class Action Against Krispy Kreme, Inc.(DNUT)
Prnewswire· 2025-06-26 13:00
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Krispy Kreme, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements about its partnership with McDonald's and the demand for its products [1]. Group 1: Allegations - The complaint alleges that demand for Krispy Kreme products significantly declined at McDonald's locations following the initial marketing launch [1]. - It is claimed that the declining demand at McDonald's was a key factor in the reduction of average sales per door per week [1]. - The partnership with McDonald's is alleged to have been unprofitable, posing a substantial risk to the continuation of the partnership [1]. - As a result of these issues, the company is said to have paused its expansion into new McDonald's locations [1]. - The defendants' positive statements regarding the company's business and prospects are claimed to be materially misleading and lacking a reasonable basis [1]. Group 2: Class Action Details - Shareholders who purchased shares of DNUT during the class period from February 25, 2025, to May 7, 2025, are encouraged to register for the class action [2]. - The deadline for shareholders to seek lead plaintiff status is July 15, 2025, and there is no cost or obligation to participate in the case [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit and illegal business practices [3]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements that inflate stock prices [3].
Rocket Pharmaceuticals, Inc. Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm for More Information - RCKT
Prnewswire· 2025-06-23 13:00
Core Viewpoint - Rocket Pharmaceuticals, Inc. is facing allegations of providing misleading information regarding the safety and clinical trial protocol of its RP-A501 treatment, leading to significant stock price decline after the FDA placed a clinical hold on the study due to serious adverse events, including a participant's death [1]. Summary by Relevant Sections Allegations - The complaint states that Rocket Pharmaceuticals made overwhelmingly positive statements while concealing material adverse facts about RP-A501's safety and clinical trial protocol [1]. - The company amended the trial protocol to include a new immunomodulatory agent without informing shareholders, which misled investors into purchasing shares at inflated prices [1]. - Following the announcement of the FDA's clinical hold on May 27, 2025, due to a serious adverse event, Rocket's stock price plummeted from $6.27 to $2.33, a decline of approximately 37% in one trading day [1]. Class Action Details - Shareholders who purchased RCKT shares between February 27, 2025, and May 26, 2025, are encouraged to register for the class action lawsuit, with a deadline of August 11, 2025, to seek lead plaintiff status [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [2]. Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements or omissions [3].
Investors who lost money on Fortrea Holdings Inc.(FTRE) should contact The Gross Law Firm about pending Class Action - FTRE
Prnewswire· 2025-06-23 13:00
NEW YORK, June 23, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Fortrea Holdings Inc. (NASDAQ: FTRE). Shareholders who purchased shares of FTRE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/fortrea-holdings-inc-loss-submission-form/?id=153670&from=4 The Gross Law Firm 1 ...